Three months after the mall pizza chain admitted defeat and filed for Chapter 11, Sbarro has pulled out of bankruptcy and is back in the ring again. They have returned with new owners, less debt, and a headquarters move to Columbus, Ohio, according to Forbes. Sbarro is reportedly also trying a new pizza concept called the “Pizza Cucinova,” which debuted in several Ohio locations last year. The concept of Pizza Cucinova is to serve customers personalized, ready-to-order pizza creations, assembly-line style — what many industry insiders are starting to call the “Chipotle effect.”
“We want to thank our stakeholders for their steadfast support,” the company said in a statement. “The company now can move forward with its plans to invest in and grow the business. We will be announcing progress and further plans for the business in the near future.”
The short-term bankruptcy reportedly did not really affect the more than 800 Sbarro locations worldwide.
Joanna Fantozzi is an Associate Editor with The Daily Meal. Follow her on Twitter @JoannaFantozzi